Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,755 shares of the financial services provider’s stock after selling 8,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Genworth Financial were worth $519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Genworth Financial by 7.2% in the third quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock valued at $30,676,000 after purchasing an additional 350,729 shares during the period. American Century Companies Inc. lifted its holdings in Genworth Financial by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider’s stock worth $30,527,000 after buying an additional 481,059 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Genworth Financial by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,917,078 shares of the financial services provider’s stock worth $28,814,000 after buying an additional 129,183 shares during the last quarter. FMR LLC lifted its holdings in Genworth Financial by 9.9% during the 3rd quarter. FMR LLC now owns 4,072,437 shares of the financial services provider’s stock worth $23,864,000 after buying an additional 368,388 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Genworth Financial during the 4th quarter worth about $22,482,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Down 0.2 %

Shares of NYSE GNW opened at $6.00 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $6.18 and a two-hundred day moving average of $6.17. Genworth Financial, Inc. has a 1 year low of $4.51 and a 1 year high of $6.93.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). Genworth Financial had a negative return on equity of 0.23% and a net margin of 0.21%. The firm had revenue of $1.91 billion for the quarter. During the same quarter in the prior year, the business earned $0.35 EPS.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.